Monthly Archives: March 2013

Texas Mortgage Market Update - For the week of March 25, 2013 - The U.S. real estate market is certainly putting some boldness into its recovery, as indicated by recent reports. February Existing Home Sales shot up 10.2% from a year ago, the fastest sales pace since the homebuyer tax credit boost in November 2009. The median existing home price is UP 11.6% versus a year ago and has now posted year-over-year increases 12 months in a row! And the FHFA index of prices for homes financed with conforming mortgages is UP 6.5% the past year.

Texas Mortgage Market Update - For the week of March 18, 2013 - Americans currently have bright and happy expectations about housing, according to Fannie Mae's latest National Housing Survey. Their chief economist commented, "Despite fiscal headwinds and political uncertainty, consumer sentiment toward housing is robust and continues to gather strength." Specifically, 48% of survey respondents believe home prices will go up in the next 12 months, a high for the survey begun in June 2010. Only 10% of respondents believe home prices will go down, a survey low.

Texas Mortgage Market Update - For the week of March 11, 2013 - Those of us who haven't been discouraged by the housing market these past few years, can now see the progress we helped to achieve. Last week, more good news came regarding home prices. A leading data aggregator reported national home prices were UP 9.7% in January versus a year ago, the biggest annual increase since April 2006. And the 0.7% monthly advance they posted was their 11th in a row. Many observers feel these price gains will likely boost home sales during the first half of the year.